Potential profits are expected to rise even higher, with figures in the 2021 Ontario Economic Outlook and Fiscal Review showing the Ontario portion of the Federal Cannabis Excise Duty from the federal government for 2021-2022 increasing substantially to $185 million in revenue.
Ontario reportedly has about 1,200 weed stores already opened or on their way to doing so.
There are already rumblings, if not outright warnings, that Ontario is close or in the midst of having as many cannabis stores as the market will bear.
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